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Belgium Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
11,491,346 (July 2017 est.)GDP (PPP)
$528.5 billion (2017 est.)GDP growth rate
1.7% (2017 est.)Low but stable and accelerating
GDP (PPP) per capita
$46,600 (2017 est.)High
Local currency
Euro (EUR)Financial stability (Public debt)
103.2% of GDP (2017 est.)Very high but slightly shrinking
Inflation
2.2% (2017 est.)Medium
Language
Dutch 60%, French 40%, German less than 1%English widely spoken as a second language
Corruption perception index (Source: Transparency International)
16/180Low level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
21% standard VAT rate Reduced rates of 12% and 6% apply on some basic goods or services
Corporate Tax
29% standard rate plus 2% surtax (29.58% effective rate)
Duties
EU rules apply
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